Housing: multifamily affordable housing programs.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill updates California’s housing laws to streamline the use of factory-built housing in affordable housing programs. It requires the California Housing and Homelessness Agency and related agencies to review their guidelines and regulations by July 1, 2027, to encourage the production and use of factory-built homes. Specifically, it directs agencies to clarify that factory-built housing is an allowable use of funding and to establish financial mechanisms to support these projects, such as early deposits and security guarantees.
Key provisions
- Requires the California Housing and Homelessness Agency and related agencies to review and update guidelines for multifamily affordable housing programs.
- Directs agencies to clarify that factory-built housing projects are an allowable use of funding.
- Mandates the establishment of market-based underwriting guidelines for early deposits to support factory-built housing projects.
- Requires agencies to make sufficient early deposits available for factory-built housing projects.
- Allows agencies to require project sponsors to provide financial guarantees or bonds.
- Updates Section 65581 of the Government Code to reiterate the legislature’s intent regarding local government responsibilities in meeting the state housing goal.
Who is affected
- California Housing and Homelessness Agency
- California Housing Finance Agency
- California Debt Limit Allocation Committee
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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